Cryptocurrency News TheBitTimes.com

FTX founder Sam Bankman-Fried’s criminal trial for fraud resumed at 10 a.m. New York time, as Federal Judge Lewis A. Kaplan moved to conclude jury selection and hear opening statements from attorneys on both sides. Senior District Judge Lewis A. Kaplan is presiding over the case, and Assistant U.S. Attorney Nicolas Roos is leading the prosecution. The defense is being led by Mark Cohen. Here are the latest live updates from inside the courtroom on day 2:  Judge Kaplan wrapped up initial juror picks around 11:20 a.m. ET, with 12 jurors and 6 alternates selected. Opening statements begin with 40 minutes for the defendant, and 25 minutes for the prosecutors.  Opening statement from the prosecutor Assistant U.S. Attorney says Bankman-Fried lied to the world as he built his crypto empire at FTX. Only his close friends and girlfriend knew the truth about what was happening.  Prosecutor says the defendant opened bank accounts with fake records and stole FTX customer depos...

The Securities and Exchange Commission (SEC) has issued a temporary restraining order against a Utah-based company, DEBT Box, accusing the firm and its principals of conning investors out of approximately $49 million through a crypto scheme. The Anderson brothers, Jason and Jacob, and 15 others allegedly orchestrated an extensive financial operation in March 2021 that raised significant funds from US investors in Bitcoin (BTC) and Ethereum (ETH).  We obtained a temporary asset freeze, restraining order, and other emergency relief against DEBT Box and its four principals, Jason Anderson, his brother Jacob Anderson, Schad Brannon, and Roydon Nelson in connection with a fraudulent scheme to sell crypto asset securities. — U.S. Securities and Exchange Commission (@SECGov) August 3, 2023 The group allegedly marketed and sold “node licenses,” unregistered securities supposedly designed to produce crypto asset tokens via crypto mining activities.  You mig...